BoxLNG and HoSt collaborate to develop CBG projects in India
BoxLNG Pvt Ltd, an India-based distributed clean bioenergy project developer and Netherlands-headed bioenergy technology specialists HoSt Holding B.V. (HoSt) have signed a technology collaboration and investment agreement for biogas projects in India. HoSt is one of the largest suppliers of bioenergy systems globally with more than 200 installations during its 30 years of experience.
Headquartered in New Dehli, BoxLNG is an emerging firm focused on executing scalable renewable natural gas (RNG) and compressed biogas (CBG) projects.
Through its subsidiary ZiPGAS it holds 14 Letter of Intents (LOIs) for the supply of approximately 150 tonnes per day of CBG under the Government of India’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme.
This is an opportune time for India to showcase its leadership position towards a cleaner and greener future, and in this regard, following on the aspirations of our Hon’ble Prime Minister, we at BoxLNG are fully committed towards energy transition by utilizing local resources, said Brij Mohan Bansal, President of BoxLNG.
HoSt together with its biogas upgrading technology subsidiary Bright Biomethane will support ZiPGAS.
We at HoSt are excited about the partnership with BoxLNG. This is a great bioenergy platform for us to showcase our technical expertise in one of the fastest-growing clean energy fields, and for us to establish a strong foothold in South Asia, said Herman Klein Teeselink, CEO of HoSt.
The collaboration between BoxLNG and HoSt is a key milestone in India’s CBG story, where the partners bring strong local knowledge and project development experience, combined with international capital and technology expertise.
BoxLNG will start implementing three projects on the ground in the states of Uttar Pradesh and Maharashtra starting February 2021. This will be followed by the remaining eleven projects over the course of 2021.
We thank HoSt for their intention to work together with BoxLNG towards the realization of the first projects in India. We are working tirelessly towards our first target of achieving 200 CBG plants over the next 10 years, and for this to happen we need strong partners. HoSt brings to the table world-class proven technology, investment, and support allowing us to scale up in a short span of time, said Sachin Nagdive, CEO of BoxLNG.